Global

ROMANIA - A draft bill to introduce mandatory occupational pensions in Romania is to be introduced in parliament shortly.

GLOBAL - Governments are increasingly finding themselves confronted by the impossibility of cutting social security debt associated with unviable PAYG pension systems, said Guillermo Arthur Errázuriz, president of the International Federation for Pension...

GLOBAL - Coller Capital, the global private equity secondaries investment manager, has recruited Erwin Roex as investment director.

GLOBAL - Worldwide funds-of-funds investment is at an all-time high, research from Cerulli Associates shows.

RUSSIA - Russia is unlikely to obtain investment grade status until after the presidential elections in March 2004.

GLOBAL - Fixed income arbitrage worldwide attracted the greatest amount of investment against all other hedge fund strategies during the first quarter, largely buoyed by opportunities in Europe.

GLOBAL - Hedge fund manager Man Group has seen funds under management soar from £7.5bn to £16.5bn in the past year.

GLOBAL - Swiss asset manager Pictet remains bullish on emerging market debt despite recent evidence suggesting that investors are withdrawing from the asset class.

GLOBAL - Corporate social responsibility increases shareholder value for pension funds, a new survey by Innovest Strategic Value Advisors shows.

GLOBAL - Investors have pulled money from emerging market bond funds for first time since January as many look to capitalise on recent peaks.